Master in Big Data in Business – Master designed to ...
Fundamentals of Finance PROFESSORProfessor: Prof. Vittorio de PedysContact : 35 5789566email : vdepedys@escpeurope.eu ?????????? vdepedys@yahoo.it ????????????????? ?????????? vdepedys@unito.it ???? ?????????? de.pedys@economia.uniroma2.itDESCRIPTIONThis course provides students with the essential concepts in finance, as well as operational decision-making tools. Financial managers’ issues will be covered and analyzed. The principle of corporate finance will be illustrated and discussed through lessons, lots of exercises and case discussions.OBJECTIVESUpon completing Fundamentals of Finance, the student will:understand the role and activity of a financial manager,be able to explain and apply the concept of NPV , DCF and IRR,be able to explain the concept of risk in financial markets applied to discount rates, be able to explain and calculate company cash flow at various levels (Operational Cash Flow, Free Cash Flow, Change in Cash) using company financial statements (Profit & Loss and Balance Sheets), be able to illustrate the main themes regarding financing to companies and define the Debt/Equity structure,be able to evaluate simple and complex investments and companies with the instruments of financial theory.Content Introduction to main concepts of financeThe function of financeFirm and Financial statements and reports The role of Financial ManagerThe most important concepts in Financeconstructing cash flowsImportance of cash flowsLearning to build a cash flow in steps Cash flows and firm evaluationCompounding and discounting 3. Value of money in time Present value and net present value PerpetuitiesExamples Investments decisionsMethods: payback, IRR, profitability, EVAconfronting different decision methods : advantages and pitfallsFinancial analysis and planningIntroductionto risk and return relationshipInternational Capital marketswhat they are, how they workdifferent market segments and instruments tradedderivatives and structured finance overviewequity capital Definition of equity capital Share evaluation methodsEquity capital markets and IPOsBonds and debt capital Difference with equityBond mathematics Interest rate risk Other borrowing risks Fixed income capital markets: New bonds issue8- 9. Capital Budgetinga real case of a multinational corporation : FIAT Groupan investment decision to be made by students: exercise BIBLIOGRAPHYBrealey, Myers, Allen : “Corporate Finance” , 2006 , 8th ed. McGraw Hill Merrill Lynch “understanding financial reports, 2003, available at student’s officeA. Damodaran “Damodaran on valuation “ Wiley finance 2ns editionTEACHING MATERIAL (supplied by the instructor)Pre-readingsCourse slidesExercises (to be done in class)Cases (to be prepared before class)Videos TEACHING MATERIAL AND ADDITIONAL READING PRE-READING HOME ASSIGNMENT : read HBS “Introduction to financial ratios and financial statement analysis” PRE- READING HOME ASSIGNMENT: read HBS “Calculating free cash flows”Assessing a firm’s future financial health ( HBS note) “Introduction to accumulated value, present value and IRR” HBS 9-173-003, 28 sept 2000, by J. Hammond ................
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